PRESS RELEASE - Nov 7 - Total revenue was $45.7M, up 42% YOY. Net income was ~$1.3M, compared to $2.2M last year. "We continue to grow video revenue across all of our apps," said CEO Geoff Cook. "In one year, we have increased the annualized video revenue run rate from virtually zero to $55M for the month of October. Traffic in the quarter was also strong. We grew mobile daily active users 3% sequentially to 4.3M and mobile monthly active users 7% sequentially to 14.6M."_________________________________________________________________

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Badoo Is Facing An Investigation By HMRC Over Its Corporate Tax Bill

TELEGRAPH.CO.UK - Nov 7 - Badoo, part of the matchmaking empire controlled by Russian tycoon Andrey Andreev, is under investigation for its tax payments for the years 2013 to 2016. The news comes as Mr Andreev, 44, whose fortune has been estimated at over Ł1B, talks up plans to take the company public in a New York listing which could value it at several billion dollars. Badoo is structured with more than a dozen subsidiaries as well as other investments. Its parent company is listed as World Vision, a company incorporated in Bermuda, which in turn is controlled by Rimburg International, a company domiciled in the British Virgin Islands. A separate entity, Badoo Limited, also said it was under investigation. The company reported turnover of Ł144M for the year ending December 2017, up from Ł107M in the previous 12 months, for a reported loss of Ł5.6M. Badoo said the loss was "primarily due to the marketing focus of the business".

Facebook Dating Launching in Canada

THE CANADIAN PRESS - Nov 9 - Facebook Dating, which was previously piloted in Colombia, operates with users creating profiles that are separate from their Facebook ones and kept out of sight of friends. The company will recommend matches that users aren't already friends with, but who share dating preferences, interests and if they'd like, mutual friends or groups and events. Facebook Dating's Canadian roll-out comes as Facebook is embroiled in privacy concerns following a series of data breaches. Some experts said the dating offering will raise privacy concerns of its own and is unlikely to assuage worries about the platform. Users will have to opt-in for the dating feature instead of being automatically enrolled. There will also be a feature that allows people to be blocked and prevents users from messaging potential interests more than once, if the other person hasn't &^%$#$^ with a response. If a user is overwhelmed with matches or wants to take a break from dating, they can pause Dating and if they decide the app isn't for them, they can opt-out and all their Dating data will be destroyed._______________________________________________________________

RNZ - Nov 8 - Parship described itself as Germany's largest online dating service which was disliked by LoveScout24, Parship's biggest competitor in Germany. LoveScout24 ended up suing Parship for false advertising statements. This week, The Higher Regional Court Munich ruled in favor or LoveScout24. So who is at the top? According to the study "Der Deutsche Online-Dating-Markt 2017/2018", both sites have ~10M users each. Parship was founded in 2001 and has been part of the TV group ProSiebenSat.1 together with its smaller sister site Elite-Partner for two years. Parship employs 230 people and generated ~120M Eur in revenue in 2017. LoveScout24 does not want to disclose its revenues.

Tinder Now Has 4.1M Paying Users, Expects $800M In Revenue This Year

TECH CRUNCH - Nov 7 - Match Group surpassed analyst's forecasted revenue of $437M, reporting Q3 revenue of $444M, a 29% increase YOY. Match says it expects to bring in a total of $1.72B in annual revenue. Despite positive earnings, the company's 4Q outlook failed to satisfy Wall Street. Match said it expects $440 - $450M in revenue in Q4, falling short of the $454.5M analyst estimate. Shares of Match sank 10% in after-hours trading as a result. Year-to-date, Match's stock is up ~60%. Tinder continues to be Match's growth engine, responsible for half its paid users and half its projected annual revenue. Tinder is expected to bring in $800M in revenue in 2018. Hinge, another app-based dating service acquired by Match in June, is on its way up. Match says it's seen a 5x increase in downloads since it first invested. Match also announced that it would, for the first time, issue a special cash dividend of $2 per share on Match Group common stock and Class B common stock, to be paid out on Dec. 19.________________________________________________________________

MyLife makes it easy for matches on dating sites and other marketplaces to see reputation scores and run background checks._________________________________________________________________

PeerStream Reports Q3 2018 Results

GLOBE NEWSWIRE - Nov 8 - Total revenue of $6.7M increased 12.8% YOY. Net loss was ~$570K, a $1.4M improvement YOY. Net loss was driven by a $576 thousand impairment loss on digital tokens received by the company in connection with the ProximaX technology services agreement. Judy Krandel, CFO, commented, "Subscription revenue from our video properties was stable YOY, offset by a decline in subscription revenue primarily from dating assets.

eHarmony Has a Plan to Stop Online Daters from 'Ghosting' Each Other

YAHOO FINANCE - Nov 9 - eHarmony is hoping to launch a chatbot to stop people from ghosting, or cutting off communication with potential matches. The would-be feature, which eharmony has yet to start development on, would pop up in the user interface after an online conversation with another user drops off after several days or weeks. The dating bot feature could be introduced within the next 18 months._________________________________________________________________

The OPW/iDate Dating Business Insider is first and the largest weekly news summary in the dating industry. Since 2004.Get the app: https://idate2018.com/idate-industry-app.php
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THE VERGE - Nov 2 - Bumble is looking to drop its $400M countersuit against Match Group. Yesterday, Match filed a notice of non-opposition, essentially saying that it's okay with Bumble dropping its claims so long as the court issues declaratory judgments absolving Match from allegedly stealing Bumble's trade secrets. Match is also hoping the court will issue declaratory judgments validating its patents and Bumble's alleged infringement of them, which are involved in its original lawsuit from March. Both companies seem okay backing away from this case for now, but Match seems to want to get some absolution out of it, especially if it'll benefit the company's lawsuit against Bumble. Match sees Bumble's countersuit as serving only as a publicity stunt to bolster its reputation.

Wake-up Call, eHarmony Sold For A Song

OPW - Oct 30 - ProSiebenSat.1 bought eHarmony for $85 million. A real deal. They'll run on a common platform in the future. eHarmony will do roughly $90m revenues, and $0 profit in 2018. Customer lifetime value for eHarmony is $200, whereas Parship is at $570. More info: https://internetdating.typepad.com/file ... armony.pdf. Brand recognition for eHarmony stands above Tinder and on par with the likes of Instagram and American Airlines._________________________________________________________________

TIMES OF INDIA - Nov 1 - Matrimony.com reported revenues of Rs 88.2 crore for the September quarter, posting a 5.4% growth from the same period last year, and a 1.5% fall from the June quarter. The company's net profit for the quarter stood at Rs. 13.4 crore, as against Rs 19.2 crore in the corresponding quarter of 2017, recording a 30% fall. The company attributed the decline in profit to higher marketing spend of almost Rs 5.8 crore incurred this period. "We will continue to invest additionally in marketing and as a result the EBITDA margin will be lower than the earlier period," said Murugavel Janakiraman, MD, Matrimony.com. ~95% of the company's revenue comes from its matchmaking business, while its marriage services.

Why Dating Apps Are Trying To Stop Users Blanking Each Other

THE GUARDIAN - Nov 1 - Bumble and Badoo have announced plans to crack down on ghosting. Bumble has recruited an in-house 'ghosting' expert, Kate Leaver, and Badoo has introduced a series of suggested responses, such as: "Hey, I think you're great, but I don't see us as a match. Take care!" Leaver's role, building on the expertise she developed writing her book The Friendship Cure, is focused on pushing for "a revival of kindness and respect," she says. "People are ghosting everyone all over the place. I think they are too lazy, or too cowardly to have the difficult conversations," Leaver adds. "There has been some extreme psychological damage for people who are living without any explanation as to why they've been ghosted." Google, for instance, recently updated Gmail to introduce a feature called "nudges". The service prompts users to reply to emails that they "might have forgotten to respond to" and to "follow up" on emails they sent that never received a reply. While it can occasionally be useful, the feature is attempting to fight a symptom of information overload by adding more information to the pile. It's not enough to ignore an email. We now have to ignore it twice. Could nudging ghosters in the dating world simply add to the overload of the modern era? After all, as the psychologist Maya Borgueta has written in HuffPost, "ghosting is avoidance and often stems from fear of conflict. Which means that ghosting is about wanting to avoid confrontation, difficult conversations and avoid hurting someone's feelings." If that is the case, Badoo's pushy attempts to restart conversations could have the opposite effect: if you ghost because of a fear of confrontation, then it's not much help when your dating app begins confronting you._______________________________________________________________

MyLife makes it easy for matches on dating sites and other marketplaces to see reputation scores and run background checks._________________________________________________________________

Dating App Divorces Are On The Rise

THE TELEGRAPH - Oct 30 - According to a recent study of European and American online dating users by Erasmus University in the Netherlands, 25% of users on Tinder come with many, sometimes hidden, strings attached. Figures for the U.K. are unclear, but Elisabeth Timmermans, the lead researcher, says data from the U.S. suggests that over half of users there are already in a relationship. The Erasmus study found that "non-single" Tinder users "report a higher number of romantic relationships, French kisses, one-night stands, and casual sexual relationships with other Tinder users compared to single Tinder users". Narcissism and Machiavellianism were positively associated with using Tinder for an ego-boost.

Bumble Launches In India With Hindi Language Option

INDIANWEB2 - Nov 2 - Bumble launched in India last week by its founder Whitney Wolfe Herd and celebrity actor Priyanka Chopra, who is Bumble India's investor as well as brand ambassador of Bumble's India campaign. The app has Hindi language option too. The launch was done with a private dinner party at Gramercy Park Hotel in New York, hosted by Whitney Wolfe and Priyanka together. In India, Bumble will compete with local dating apps such as Woo and TrulyMadly besides Tinder of course. Bumble had a reported 22M users as of Nov 2017, and 27M downloads as of Feb 2018.________________________________________________________________

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Tinder Preps Programmatic Ad Partnership With Google

DIGIDAY - Oct 29 - Tinder is going to sell programmatic advertising using Google's ad tech. Advertisers will be able to buy impressions from the ad server at a fixed price with programmatic guaranteed deals or buy from private marketplaces. Tinder is testing the partnership now and plans to roll it out by the end of the year, said Peter Foster, GM of global advertising and brand solutions at Match Group. The move is similar to one Tinder launched with Facebook last year to sells ads on the social network’s in-app ad network. Unlike Google or Facebook, Match Group's business isn't ad-driven - ~3% of revenue came from ads in the Q2 2018. The rest came from paid subscriptions.

Matrimony.com Appoints New Chief Operating Officer

PRESS TRUST OF INDIA - Nov 3 - Matrimony.com has appointed Sankara Narayanan as the chief operating officer with immediate effect. Narayanan had served telecom operator Aircel as its national operations-Head and Vodafone Essar as its CEO._________________________________________________________________